PMR Insight: First in years increase in contribution of construction to Ukrainian GDP in 2016

Mateusz Lasek, Senior Construction Market Analyst, PMR
The year 2016 brought the first increase in the proportion of Ukrainian GDP generated by the construction industry since at least 2010, according to an analysis of data from the State Statistics Committee (Ukrstat). Calculated on the basis of current prices, last year the industry contributed 2.09% to the national total, and in terms of value it generated UAH 49.87bn (€1.69bn). By way of comparison, in 2015 the corresponding figures were 1.96% and UAH 38.93bn (€1.32bn). Overall, the share of construction industry as a proportion of the country’s total GDP has been falling constantly over…

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